Fin secures £5.3m in seed funding led by MaC Venture Capital to fuel US expansion
The round was led by MaC Venture Capital to support the logistics operator's expansion into the US and regional UK markets.
Fin operates an electric vehicle and e-cargo bike delivery fleet to provide sustainable urban logistics solutions. The company handles thousands of parcels daily in London and prepares to launch in New York City.
London-based sustainable logistics operator Fin has raised £5.3m in seed funding to support its international expansion and fleet scaling efforts. The round was led by MaC Venture Capital, with participation from Side Door Ventures, Pearls Capital and Simplex Ventures.
The capital will enable Fin to introduce its delivery model to the US market, beginning with New York City in early 2025, alongside further expansion into five regional UK cities. The company currently operates a fleet of over 100 electric vans and 100 e-cargo bikes in London, delivering thousands of parcels daily.
This funding follows the company's acquisition of Urb-It earlier in the year and comes as Fin moves towards profitability. The business utilizes proprietary routing technology and machine learning to optimize urban deliveries for major clients.
From the founder
"New York is a natural next step for us as we continue to revolutionize urban logistics."
Rich Pleeth
CEO at Fin
Investor perspective
"The MaC team has supported Fin since its inception, and we are fully confident in the team’s ability to scale as the company expands its footprint beyond the UK and into the US market,"
Marlon Nichols
Managing General Partner and Co-Founder, MaC Venture Capital
Use of funds
- 01Expand into international markets
- 02Scale operations
Investors
Categories
About the company
Fin
Sustainable urban logistics operator deploying electric vans and e-cargo bikes.